1 competition regulation and privatisation of electricity generation in developing countries does the sequencing reforms matter yinfang zhang david parker colin kirkpatrick centre on institute for development policy management university manchester uk cranfield research school corresponding author professor mk43 0al ac 0044 1234 754378 sq paper doc 28 september 2004 word count total 9748 main text only 6941 2 abstract recent years have seen introducing reform their utility industries with a view to promoting private ownership this studies effect using data from 25 period 1985 2001 fixed effects panel model is used study finds that establishing an independent regulatory authority before correlated higher